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Silver Coin Sales Set New Monthly Record

The United States Mint has sold more than 4.6 million ounces of silver coins this month

Jan. 24, 2011 - PRLog -- The United States Mint has sold more than 4.6 million ounces of silver coins this month, a new record for the sale of American Eagle silver coins. The previous record was 4.3 million ounces of American Eagle silver coins sold in November 2010.

Experts believed that the record sales in November 2010 were in response to the United States Treasury’s plans to inflate the currency to expand the economy. The record sales this month were believed to be in response to the belief that people believe that the economy is recovering and may actually end up sparking inflation in the next few months. Gold coins and silver coins are seen as a protective hedge against the threat of inflation.

Silver coins has declined in price this month that the slight correction in the price of gold coins. Gold coins continue to hold their value, especially over the long term.

Global Gold Group is helping investors protect themselves against the coming threat of inflation by buying gold coins, especially pre 1933 gold coin investments. For more information about investing in gold, please check out the Global Gold Group website at http://www.aglobalcurrency.com.

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Source:Global Gold Group
Location:United States
Industry:Banking, Consumer, Finance
Tags:Silver Coin, Buy Silver, Silver Bullion, Buy Gold Coin, Gold Coin, Inflation, Us Mint, American Eagle, Invest In Silver
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